greater vancouver board area TOWNHOME - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 25% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.3% VS 2023
▲ 35% VS 2023
▲ 60% VS 2023
▼ 0.8% VS 2023
There were 1,166 townhome listings in the Greater Vancouver board area in December, 20% below November and 35% higher than December 2023. December townhome sales decreased by 21% month-over-month, to 287, and were 60% above December 2023. The sales-to-listing ratio for townhomes in the Greater Vancouver board area, at 25%, reflected a sellers' market. The townhome median price in December was $1,068,000, a 1.3% increase from November and 1.3% above December 2023. The average sold price was $1,156,429, 0.8% above last month; the average PSF sale price was $765, down 3% to last month.
THIS MONTH No. $765 $1,156,429 $1,068,000 25% 287 1,166
PREVIOUS MONTH
PREVIOUS YEAR
No. 179 863
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
19% 60% 35%
$791 $1,147,197 $1,054,500 25% 364 1,464
-3% 0.8% 1.3% -1% -21% -20%
$792 $1,165,872 $1,054,000 21%
-3% -0.8% 1.3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,636
1,611
1,541
1,714
1,688
1,464
1,391
1,590
1,030
1,166
1,142
863
872
455
438
399
398
364
358
319
287
370
316
179
284
220
$1.09M $1.05M $1.07M
$1.07M $1.02M $1.00M
$1.05M $1.07M $1.08M $1.10M $1.09M $1.08M $1.10M
REBGV
FVREB
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
250
53
4+ bdrms
221
200
163
3 bdrms
150
633
41% 41%
100
26%
24%
67
21%
2 bdrms
12% 10% 13%
275
50
0
4
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
37
S-L RATIO SALES INVENTORY
33 8 24%
99 41 41%
197 80 41%
263 68 26%
248 51 21%
211 26 12%
59 6 10%
56 7 13%
Copyright © 2025 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 13, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 9 ●
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